These Analysts Boost Their Forecasts On Snowflake After Upbeat Q1 Results
1. Snowflake's Q1 revenue was $1.04 billion, exceeding estimates. 2. Adjusted earnings of 24 cents beat the forecast of 21 cents. 3. The company projects Q2 revenue growth of 25% year-over-year. 4. Analysts raised price targets following earnings yet shares fell 2.1%. 5. Needham raised SNOW target from $215 to $230, maintaining Buy rating.